Landstar System, Inc. (NASDAQ:LSTR) Receives Consensus Rating of “Hold” from Analysts

Landstar System, Inc. (NASDAQ:LSTR) has earned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $110.90.

A number of research firms have commented on LSTR. Stifel Nicolaus boosted their price target on shares of Landstar System from $119.00 to $123.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Wolfe Research upgraded shares of Landstar System from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 28th. Credit Suisse Group reduced their price target on shares of Landstar System from $104.00 to $103.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Stephens began coverage on shares of Landstar System in a research report on Monday, July 1st. They issued a “buy” rating on the stock. Finally, Zacks Investment Research upgraded shares of Landstar System from a “sell” rating to a “hold” rating and set a $117.00 price target on the stock in a research report on Wednesday, July 31st.

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC lifted its position in shares of Landstar System by 130.3% during the first quarter. Advisory Services Network LLC now owns 281 shares of the transportation company’s stock worth $31,000 after purchasing an additional 159 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Landstar System during the second quarter worth approximately $60,000. Manchester Capital Management LLC acquired a new position in shares of Landstar System during the first quarter worth approximately $65,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Landstar System during the second quarter worth approximately $82,000. Finally, Zions Bancorporation N.A. acquired a new position in shares of Landstar System during the first quarter worth approximately $192,000. Institutional investors own 98.66% of the company’s stock.

NASDAQ:LSTR traded up $2.84 on Friday, reaching $107.40. The stock had a trading volume of 297,600 shares, compared to its average volume of 315,710. The company has a market capitalization of $4.23 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.27. Landstar System has a 1-year low of $90.23 and a 1-year high of $128.70. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average price of $109.29 and a 200-day moving average price of $107.63.

Landstar System (NASDAQ:LSTR) last released its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.53 EPS for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.01). The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.07 billion. Landstar System had a net margin of 5.82% and a return on equity of 36.17%. Landstar System’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.51 earnings per share. Sell-side analysts predict that Landstar System will post 6.16 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 12th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.69%. This is a positive change from Landstar System’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, August 9th. Landstar System’s dividend payout ratio is presently 11.97%.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments, Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload service providers.

Further Reading: What is a stock buyback?

Analyst Recommendations for Landstar System (NASDAQ:LSTR)

Receive News & Ratings for Landstar System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landstar System and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit